![[The following information applies to the questions displayed below.] Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,045,000. Harding paid $210,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $222,000; Building, $660,000 and Equipment, $438,000. (Round percentages to two decimal places: ie ,054 5%). 13. 1700 points What value will be recorded for the building? O 105,000 O 385,000 O 522.500 O 660,000](http://img.homeworklib.com/questions/80031280-6ff1-11ea-a693-650a26481019.png?x-oss-process=image/resize,w_560)
Homework Answers
Value recording for the building
= 1,045,000 * [660,000/(222,000+660,000+438,000)]
= 1,045,000 * 660,000/1,320,000
= 522,500
Option C
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[The following information applies to the questions displayed below.] Harding Corporation acquired real estate that contained...
The following information applies to the questions displayed below.] Harding Corporation acquired real estate that contained...
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[The following information
applies to the questions displayed below.] Rodriguez Company pays
$365,000 for real estate plus $19,345 in closing costs. The real
estate consists of land appraised at $214,200; land improvements
appraised at $61,200; and a building appraised at $234,600.
33.value: 4.00 pointsRequired information Allocate the total cost
among the three purchased assets. (Round your "Apportioned Cost"
answers to 2 decimal places.)
The following information applies to the questions displayed below.] Rodriguez Company pays $365,000 for real estate plus...
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